Tag Archives: real estate taxation

Throughout greater Chicago, municipalities are struggling with debt and making hard choices about whether to raise residential property taxes in response. Naperville plans a modest 3.3 percent rate increase, while Park Ridge will hike property taxes a stunning 22 percent. Woodridge decided to spare its residents a rate increase and instead will carry a budget… Read More »

Airport noise has long been recognized as a factor in assessing home value. So, in October of 2013, when O’Hare International Airport redirected 70 percent of its traffic, residents of newly-affected neighborhoods decided they had a basis for requesting property tax relief. In March of 2014, the Cook County Board of Review agreed and granted… Read More »

After the recent Cook County property reassessment, many commercial and residential property owners are shaking their heads, wondering how they are going to deal with staggering increases. On the commercial side, Chicago already has the second-highest property tax rates in the country, but annual, single-digit increases keep coming as city and state governments look for… Read More »

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